Illegal spending by Strata

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  • 26/07/2012 at 5:45 pm #8276 Reply | Quote
    kiwipaul
    Flatchatter

      This has been discussed previously relating to garden maintenance of a private lot.

      My question is if the SM can authorize spending of Strata Funds (most replies agreed this was allowed) on items other than Common Property (without recovering the cost from the owner) then surely the EC has the same authority.Confused

      So if the EC decides to refurbish their own units using Strata funds (assuming they kept within their spending limits) what is to stop them doing this. I’ve searched the ruling and cannot find a relevant adjudication ruling. This seems to leave the Strata system wide open to abuse by unscrupulous committees.Cry

      In QLD a no dissent vote of owners is required (I believe not because it’s in the act but I found a ruling that implied this) to spend Strata money on anything except common property. If the owners or EC agree to spend Strata funds to refurbish lot property with a normal vote a subsequent adjudication hearing has ruled that the money must be repaid. So QLD has systems in place to prevent misuse of Strata Funds. LaughLaughNSW????FrownFrownFrownFrown

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    Reply To: Illegal spending by Strata
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